Fitch Affirms Sri Lanka at 'BB-'; Outlook Stable

April 22, 2015 11:39 AM

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(The following statement was released by the rating agency) HONG KONG, April 22 (Fitch) Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign and Local Currency Issuer Default Ratings at 'BB-'.

The issue ratings on Sri Lanka's senior unsecured foreign and local currency bonds are also affirmed at 'BB-'. The Outlooks on the Long-Term IDRs are Stable. The Country Ceiling is affirmed at 'BB-' and the Short-Term Foreign Currency IDR at 'B'. KEY RATING DRIVERS The affirmation of Sri Lanka's sov...

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